Abstract

BRATICEVIC, Sergio. REAL ESTATE VALORIZATION AND POST-COVID-19 CONTEXT. A CASE STUDY OF QUEBRADA DE HUMAHUACA. Semest. Econ. [online]. 2020, vol.23, n.55, pp.161-182.  Epub Oct 08, 2021. ISSN 0120-6346.  https://doi.org/10.22395/seec.v23n55a7.

The principal aim of this article is to analyze the regional real estate valorization process, through an examination of Quebrada de Humahuaca (Argentina). The hypothesis that is based on the re-direction of surplus capital to the real estate market, and the consequent transformation of the local habitats. This work intervenes in the phenomenon in a multiscale manner, examining the nature of the real estate market in the region, which was used as a reserve for value in an inflationary context or in an over accumulation process. At the same time, different series are presented in order to show to increases in real estate values (in US dollars), between the years of 2004 and 2018. Likewise, the increasing of real estate prices is based on two mentioned reasons, also the recent development of tourism in the region since the World Heritage Site declared by Unesco. Finally the author presents the potential post-COVID-19 panorama, in the decline scenery of real estate valuations and the strong depression of global economy.

JEL CLASSIFICATION R1, R14, R21, R31, R52.

CONTENT Introduction; 1. Real estate market and land rent. Regional context; 2. Land rent and its relation with accumulation by dispossession; 3. Regional housing market. Analysis post-COVID19; 4. Argentine example. Inflation and real estate market; 5. Study case. The Quebrada de Humahuaca; 6. Habitat and prices in the Quebrada; 7. Conclusions; Bibliography.

Keywords : Real Estate Valorization; Surplus Capital; Inflation; Housing Market; post-COVID-19.

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